85 The Broadway Leigh on Sea Essex SS9 1PN

85 The Broadway
Leigh on Sea
Essex
SS9 1PN

Freehold Bank Investment on a New 5 year lease

Entirely let to Santander UK Plc
New 5 year lease (NO Breaks)
Lease renewal from 25th December 2020
VAT-free Investment
Future alternative use potential
Neighbouring occupiers include Sue Ryder, Boots Pharmacy, Natwest, Subway and Nationwide

Lot
14
Auction
11th February 2021
Rent
£25,000 per Annum Exclusive
Status
Sold
Price
£485,000
Auction Venue
Live Streamed Auction
On Instructions of a Major Fund Manager

Interested?

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Freehold Bank Investment on a New 5 year lease

Entirely let to Santander UK Plc
New 5 year lease (NO Breaks)
Lease renewal from 25th December 2020
VAT-free Investment
Future alternative use potential
Neighbouring occupiers include Sue Ryder, Boots Pharmacy, Natwest, Subway and Nationwide

Lot 14
Auction 11th February 2021
Rent £25,000 per Annum Exclusive
Status Sold
Price £485,000
Sector
Bank
Auction Venue
Live Streamed Auction
On Instructions of a Major Fund Manager

Property Information

Location

Miles: 35 miles east of Central London; 2 miles west of Southend-on-Sea; 16 miles south of Chelmsford
Roads: A13, A127, A13, M25
Rail: Leigh-on-Sea Railway Station
Air: London Southend Airport, London Stansted Airport

Situation

Leigh-on-Sea is a popular tourist destination and important commercial town located 35 miles east of Central London and 16 miles south of Chelmsford. The property is prominently located on the north side of the busy Broadway. Neighbouring occupiers include Sue Ryder, Boots Pharmacy, NatWest, Subway and Nationwide.

Tenure

Freehold.

Location

Miles: 35 miles east of Central London; 2 miles west of Southend-on-Sea; 16 miles south of Chelmsford
Roads: A13, A127, A13, M25
Rail: Leigh-on-Sea Railway Station
Air: London Southend Airport, London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor bank with first floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at www.acuitus.co.uk

Description

The property comprises a ground floor bank with first floor ancillary accommodation.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First	Banking Hall Ancillary	135.46 sq m 22.50 sq m	(1,458 sq ft) (242 sq ft)	SANTANDER UK PLC (1)	5 years from 25/12/2020 (2) on a full repairing and insuring lease	£25,000	24/12/2025
Total		157.96 sq m	(1,700 sq ft)			£25,000

(1) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(2) There is a 3 month rent free period from 25/12/20. The Seller will top up the rent from completion of the sale until expiry of the rent free period, by way of an allowance on completion of the sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.